The promissory note template is a written, signed and unconditional order to pay a certain sum of money at a specified time on demand. It can be simply stated as a promise that is used in business dealings. The promissory note template is a written contract between the payer and the lender, with specific terms and conditions on which an amount is paid from one party to another party. As far as the categories of a promissory note are concerned, this document can be of two types; unsecured and secured. An unsecured promissory note doesn't include any liability in the…